Basseterre, St Kitts and Nevis: Michael Martin, the head of the Citizenship by Investment Programme of St Kitts and Nevis, has introduced the Sustainable Island State Contribution (SISC) investment option in an effort to improve the overall CBI Program.
The Sustainable Growth Fund has been replaced with the implementation of this new investment option primarily focused on improving the integrity and ensuring that only eligible and prominent investors should apply and benefit from the Programme. The investment amount has also been raised to US$ 2,50,000.
Michael Martin has implemented ground-breaking modifications in the Programme to enhance its credibility, security and quality and keep its position as the world’s top Citizenship by Investment program. Now he has come up with another significant change to ensure that the Programme is only chosen by prominent people and investors who value it.
With the implementation of Sustainable Island State Contribution investment option (SISC) following are the new investment amounts for worldwide investors seeking residency in St Kitts and Nevis-
Minimum fees for single applicant- US$ 2,50,000
Minimum fees for family of two- US$ 3,00,000
Minimum fees for family of 3-4 members- US$ 3,50,000
Due diligence of single applicant- US$ 10,000
Due diligence for family of two- US$ 17,500
Due diligence for family of 3-4- US$ 32,000
The due diligence step also includes compulsory interviews because they confirm the legitimacy of the investor. If possible, the interviews will even take place in person or online.
Due to the high level of security measures adopted by the government of St Kitts and Nevis and the CIU, many high-net-worth individuals are choosing the citizenship by investment program of the twin island federation. The changes implemented recently are sure to be beneficial to the entire country and its populace.